The cryptocurrency market experienced a decrease in volatility on Friday, with the bitcoin price stuck in a range between $77,500 and $78,500 since midnight UTC. This subdued price movement follows a failed attempt to break out above $80,000 on Wednesday.
Despite this, the overall trend remains positive, with the bitcoin price steadily increasing throughout April and forming a series of higher highs and higher lows. Ether matched bitcoin's performance, declining by approximately 0.9% while trading within a narrow range. U.S.
stock futures showed mixed results, with Nasdaq 100 futures rising 0.5% due to strong tech earnings, while S&P 500 futures slipped 3 basis points. The Dollar Index remained relatively unchanged, despite comments from U.S. President Donald Trump confirming a three-week extension of the ceasefire between Israel and Lebanon.
The derivatives market saw a decline in open interest, signaling a reduction in trader leverage.